16 votes
Accepted

Bitcoin Rich List - Reliable or not?

I can’t really offer much insight into the reliability of the website you’ve linked, but if you’re really keen to verify what is posted there, you could run your own node, and then find/write some ...
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  • 17.2k
7 votes
Accepted

Bitcoin distribution

A lot of people who accumulated thousands of coins in the early days spent them on silly things or cashed out during the 2012 bubble. Lazlo for example, spent 10,000 bitcoins on two pizzas. Nobody ...
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  • 5,176
5 votes
Accepted

How do I join the NXT 2.0 (Ardor) distribution if it isn't an ICO? And how does it affect NXT 1.0 holders?

The Ardor launch will happen in 2017, but the distribution of the main ARDR tokens will be based on the Nxt 1.0 balances. And yes, as far as I know it is the first scalable blockchain platform using ...
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  • 66
4 votes
Accepted

What are some counter arguments for NXT (nxtcoin) "premine" or initial distribution setup?

Arguments of Nxt creator are written here - https://nxtforum.org/initial-distribution/initial-distribution-of-100-pos-currencies/: Initial distribution of the coins and the forging schedule are ...
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3 votes

Distributing 1 satoshi to every user on stack exchange or some other online community

A few projects have done this (although more recently with EOS and Ethereum). The only notable one I can remember off the top of my head is Clamcoin: Every person who had Bitcoin at block 300,377, ...
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  • 16.4k
3 votes

how does the creator of Bitcoin get paid?

The creator, Satoshi Nakamoto (referred to as a "he" hereafter even though it might be a woman or a group of individuals), seems to have mined many of the early Bitcoin blocks. There have been several ...
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3 votes

What would be required to disincentivize mining pools?

It doesn't matter if a mining pool has 100% of the total mining power so long as that mining pool can't choose which transactions its users work on, prevent them from submitting blocks that they find, ...
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2 votes
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What prevented NXT from being distributed the same way bitcoins are?

If every block subsidizes the forger with extra coins (in addition to the fees) then bigger accounts become even bigger by following the compound interest curve. In a currency with selfish forgers ...
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2 votes

Where can I find early posts about Bitcoin where trolls are arguing over distribution?

Try searching BitCoinTalk.org, it has messages from Satoshi going back to late 2009, so I would assume if these messages existed they would be there.
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  • 419
2 votes

how does the creator of Bitcoin get paid?

The only people that make money directly from the Bitcoin network are miners; as a reward for helping run and secure the network. There is no connection between the creator and the Bitcoin network. ...
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  • 2,204
2 votes

Have there been any successful "airdrops"?

I remmeber there was BitcoinTalkCoin - the one with BCC ticker, in fact there were few sharing the same idea). They successfully "airdropped" the coins to BTT users, registered before the coin ...
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  • 104
1 vote

Script - Is it possible to build an addresss that allows retrieve a certain amount per address?

Each output can only be spent atomically. Either the entire amount or not at all. The scripts are not evaluated for any “amount”. The script machine evaluates to true or false. Of course, it is ...
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  • 2,413
1 vote

What will happen to bitcoin if the world population increases?

The amount of bitcion in circulation does not increase or decrease based on human population. So, yes, it will likely be distributed more sparsely among people if the world's population increases. ...
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  • 8,724
1 vote
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What is the most widely distributed crypto currency?

"Widely" distributed and "fairly" distributed are two completely different things. "Fair" means that the mechanism by which the initial distribution was determined is fair, regardless of who ends up ...
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1 vote

What is the most widely distributed crypto currency?

As you noted, a lot of this depends on how you define your terms. In an Objectivist sense, all currencies are equally fair. :) If we look at fairness in terms of information disparity, we can see ...
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  • 28.6k
1 vote

Where can I find early posts about Bitcoin where trolls are arguing over distribution?

Here's a huge infographic concerning distribution. You may also check out the distribution of companies in the globe. For early posts, only bitcointalk (and, after a while, reddit) can be of help. ...
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  • 389
1 vote

What prevented NXT from being distributed the same way bitcoins are?

Proof of work in Bitcoin has two distinct purposes: To issue coins, and to synchronize transactions. In NXT, PoW for synchronization was eschewed, the stated purpose being reducing long-term energy ...
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1 vote

What prevented NXT from being distributed the same way bitcoins are?

From studying the Whitepaper it appears that there is no technical reason not to have block rewards, rather it appears to be a design decision that the sum of all assets is always zero: When Nxt's ...
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  • 62.3k
1 vote

How can counterparty tokens be distributed?

1) Yes, as of now (v9.55.1) it's all at once. BUT, you can increase the issuance by issuing more later unless you "lock" the issuance. 2) So yes, there can be a custom distribution schedule. Example: ...
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  • 318
1 vote

Have there been any successful "airdrops"?

From what I can gather, there were a bunch of people who were able to claim auroracoins through the airdrop using SMS/Facebook based on various forums and social media outlets. In that sense the ...
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  • 2,052
1 vote

What would be required to disincentivize mining pools?

Ok, I'll take a shot at this. We would need some kind of 'start work message' in the bitcoin system. For instance when miners start working on a block, they would have to broadcast a partial ...
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  • 298
1 vote

What would be required to disincentivize mining pools?

Mining pools are an important part of the Bitcoin ecosystem and I don't believe they should be disincentivized. What does need to be done is to eliminate the inherent preference to mine only in the ...
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1 vote

What would be required to disincentivize mining pools?

AFAIK there is nothing that can be done within the protocol to prevent 51% attacks. The best way to prevent such attacks from mining pools is to ditch that pool, and mine somewhere else. This happened ...
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  • 1,418

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